Required: 1-a. Compute the plantwide overhead rate that would be used in the company's conventional cost system. 1-b. Using the plantwide rate, compute the unit product cost for each product. 2-a. Compute the activity rate for each activity cost pool. 2-b. Using the activity rates, compute the unit product cost for each product. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Compute the activity rate for each activity cost pool. (Round your Machining and General factory activity rates to 2 decimal places.) Activity Cost Pools Machining Setups Product-level General factory Activity Rate per MHR per setup hour per product per DL$ < Req 1B Req 2B > Precision Manufacturing Incorporated (PMI) makes two types of industrial component parts-the EX300 and the TX500. It annually produces 53,000 units of EX300 and 11,800 units of TX500. The company's conventional cost system allocates manufacturing overhead to products using a plantwide overhead rate and direct labor dollars as the allocation base. Additional information relating to the company's two product lines is shown below: Direct materials Direct labor EX300 $ 359,325 $ 113,000 TX500 $ 155,550 $ 39,000 Total $ 514,875 $ 152,000 The company is considering implementing an activity-based costing system that distributes all of its manufacturing overhead to four activities as shown below: Product-level (number of products) Activity Cost Pool (and Activity Measure) Machining (machine-hours) Setups (setup hours) Manufacturing Overhead $170,400 89,100 77,940 EX300 83,000 Activity TX500 59,000 40 230 1 1 Total 142,000 270 2 General factory (direct labor dollars) 42,560 $ 113,000 $ 39,000 $ 152,000 Total manufacturing overhead cost $ 380,000 Required: 1-a. Compute the plantwide overhead rate that would be used in the company's conventional cost system. 1-b. Using the plantwide rate, compute the unit product cost for each product. 2-a. Compute the activity rate for each activity cost pool. 2-b. Using the activity rates, compute the unit product cost for each product. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Heine the plantwide to commute the unit product cost for each product (Dound your intermodisto calculatione and final TX500 83,000 40 59,000 Total 142,000 1 230 1 270 2 $ 113,000 $ 39,000 $ 152,000 Activity Cost Pool (and Activity Measure) Machining (machine-hours) Setups (setup hours) Overhead $ 170,400 89,100 77,940 42,560 Product-level (number of products) General factory (direct labor dollars) Total manufacturing overhead cost $ 380,000 EX300 Required: 1-a. Compute the plantwide overhead rate that would be used in the company's conventional cost system. 1-b. Using the plantwide rate, compute the unit product cost for each product. 2-a. Compute the activity rate for each activity cost pool. 2-b. Using the activity rates, compute the unit product cost for each product. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Using the activity rates, compute the unit product cost for each product. (Round your intermediate calculations and final answers to 2 decimal places.) Unit product cost EX300 TX500 < Req 2A Req 2B > activities as shown below: Activity Cost Pool (and Activity Measure) Machining (machine-hours) Setups (setup hours) Manufacturing Overhead $ 170,400 89,100 77,940 42,560 Product-level (number of products) General factory (direct labor dollars) Total manufacturing overhead cost $ 380,000 EX300 83,000 40 Activity TX500 59,000 230 Total 142,000 270 1 1 2 $ 113,000 $ 39,000 $ 152,000 Required: 1-a. Compute the plantwide overhead rate that would be used in the company's conventional cost system. 1-b. Using the plantwide rate, compute the unit product cost for each product. 2-a. Compute the activity rate for each activity cost pool. 2-b. Using the activity rates, compute the unit product cost for each product. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Using the plantwide rate, compute the unit product cost for each product. (Round your intermediate calculations and final answers to 2 decimal places.) Unit product cost EX300 TX500 < Req 1A Req 2A >